(2 Minutes Read)
The plant is set to produce nearly nine tons of gold annually in its initial phase, supported by a USD 500 million investment. Annual revenues are projected to reach USD 1 billion, creating a platform for future mining investments.
Kurmuk Gold Mine PLC has announced its gold mining plant will begin commissioning by the end of 2025, with full-scale commercial production starting in 2026. The project, located in Benishangul-Gumuz State, is Ethiopia’s largest mining initiative and a key player in the region’s mining industry.
The company’s General Manager Brox Worku confirmed that construction was progressing on schedule, with preparations underway to import essential machinery. The company has already brought in 700 transportation trucks, with an additional 3,000 expected within the next eight months.
The plant is set to produce nearly nine tons of gold annually in its initial phase, supported by a USD 500 million investment. Annual revenues are projected to reach USD 1 billion, creating a platform for future mining investments. The project covers 100 square kilometers and is expected to attract significant interest from global investors.
Read Also:
Currently employing 600 workers, the mine is projected to create over 1,700 jobs by the end of the fiscal year. Brox highlighted the importance of timely electricity supply to ensure operational efficiency and noted the government’s support in overcoming challenges.
